fared somewhat better than Finland in the EMU period. We assess the effects of the regime choice by simulating the behaviour … Union. In the Northern periphery of the EU, the different monetary regime choices of Finland and Sweden have created a … particularly interesting testing ground for the benefits of the EMU. The average growth rates were rather similar before the Great …

using high-frequency bond yield data for France, Germany, Italy and Spain. We find that Economic and Monetary Union (EMU … substantial increase in the anchoring of long-term inflation expectations since EMU, particularly for Italy and Spain, which since …

This is the country report on Finland in the project launched by the European Foundation for the Improvement of Living … and Working Conditions on the social implicatins of EMU, especially in the labour market and industrial relations, insix …

We examine the bilateral composition of international bond portfolios for the euro area and the individual EMU member … countries. We find considerable support for “euro area bias”: EMU member countries disproportionately invest in one another … linkages in explaining asymmetries across EMU member countries in terms of their outward and inward bond investments vis …

Will EMU accelerate or retard structural reform in labour and product markets? The theoretical literature is ambiguous … structural reform. However, it is much less clear whether progress can be ascribed to EMU membership. To explore further the …

from 6 euro area countries, spanning several years before and after the introduction of the euro, we look at whether EMU … linked to the preparation of EMU; however, this interpretation is weakened by the fact that a similar decline occurred also …